Question : Out of the following which is Unrestricted Fund?
Option 1: Annuity Fund
Option 2: Sports Fund
Option 3: Endownment fund
Option 4: Capital fund
Answer (1)
21st Jan, 2024
Correct Answer: Capital fund
Solution :
An NPO's capital fund is the difference between its assets and liabilities. Put another way, an organisation that makes a profit refers to the amount of assets that exceed its liabilities as capital, whereas a non-profit organisation refers to the same amount as a capital fund. It is also known as a general fund.
Hence, the correct option is 4.
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